They're probably going to shutter everything and ship it to MN. Testing numbers are down 30% this year. Customer service is suffering because there isn't enough staff to answer client inquires. Good luck to them. Get out before they can you.
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Topics regarding layoffs at Pearson PLC
Anyone else find it funny that the same names make it every year, give or take 3-5 names? I know for a fact there are people going that haven't hit their goal 2 years in a row. Funny they won't release the criteria or actual rankings to the... read more
I'm surprised that Pearson Higher Ed did not restructure the sales force this summer. With the Senior VP of sales out the door, it would have made sense. It will be interesting how they operate in Q4.
What do Sears and Pearson have in common? They were once at the top of their respective industries, have sold off most of their assets, and are in constant crisis mode. The worst part of the comparisons are both businesses believe they can cut jobs... read more
Let's face the reality. British once ruled half of our planet, and they took English to every corner of the planet. The fall of British and rise of America can be seen every where. People are deserting British English and switching to American... read more
People are very arrogant; some do not care of authors; if authors ask some valid questions, they are sent threatening letters instead of answering those questions. Death to Pearson and its subsidiaries.
Anyone know if Pearson is having PLC in the U.S. for Higher Ed as they have had in past years? If so, where is it located?
So what's the scoop on why he got canned? What happened?
Sell sell sell In this week’s dealmaking news, Pearson is in the process of selling parts of its TutorVista to India-basted BYJU’s—and is also assessing the future of its U.S. K-12 courseware business. Also, private equity firm Gauge Capital has made... read more
Another San Antonio location Lay off Most of the call center reps were layed off Last Day is 06/30/2017 The left hand does not talk to the right hand. Management Dont have a clue what they are doing and to top it off PEARSON DOES NOT CARE ABOUT THE... read more
Pearson is a joke. 11 years, 13 managers and countless re-orgs. Thank GOD I was laid off. Best thing that ever happened to me. The anxiety of never knowing if you had a job the next year was debilitating. This company used to be about the kids and... read more
BOOKS ON THE BLOCK: One of Pearson’s bread-and-butter businesses—U.S. K-12 courseware—may be the next item on the chopping block. The is the latest in a string of assets that the beleaguered company is trying to shed. The publisher sold The Financial... read more
Stay tuned Pearson fans.
Goal exceeded with actual revenue increases 12 of 14 years, 100% excellent performance reviews, 100% budget management, 100% on time projects and reports, high employee retention, team player = buh-bye.
"If there’s a common thread that unites the rival technology giants Apple, Google, and Microsoft in the education market, it’s this: They’re big. The three major tech companies—along with Amazon, a relatively new player on the scene—go head-to-head... read more
US sales reps- don't forget to track your (fake) FDOCs and close out ALL of your business in OneCRM by the end of the week- even if the info isn't correct- because let's be real- they only want info in there that they WANT to see, not the reality of... read more
Fallon announced plans for more layoffs at the AGM today. Thousands of people already have, and will continue to lose their jobs under his leadership and this idiot doesn't have the decency to decline a very undeserved salary increase.
Seems reasonable. /
Are more layoffs coming in May? Or is Fallon done for now until 1st quarter next year?
Does anyone else find it ironic that US upper management DEMANDS that all business be closed out in OneCRM (and also provides gift incentives to do this), yet they will not provide 2017 sales goals to the reps for another few months?? They do this... read more
I just learned that some shareholders are planning to sue for over-optimistic forecasts by Fallon and his leadership team. Nearly every forecast they have put out has been delusional. They are either intentionally misleading shareholders or they are... read more
I don't know how many people were let go this week. I do know that most were over 40; probably over 50. I do know that many were top performers exceeding their goals year after year. I do know that some people were placed in new positions while... read more
Senior management has no answers or solutions. Serious tech players are fleeing, dead wood are clueless. 2018 looking worse than 2017.
Hits the nail on the head. The sharp fall in BT’s shares last week hurt many small UK investors who have held the stock since the telecommunications group’s privatisation in 1984. And the collapse in Pearson’s price the week before hurt many at the... read more
Oracle soap opera (and sales of software to Pearson): During Oracle's fiscal 2014 (which ended May 31, 2014), Wilson sold Oracle enterprise software to media and education company Pearson, resulting in $10,456,055.14 in revenue. At that point in... read more
Restructuring includes "cutting 4,000 jobs, about 10% of its global workforce, as well as other steps to bring its overhead and expenses lower...." ...Pearson is undergoing its second restructuring since 2012 with this latest announcement, and... read more
"Moody's has shifted its outlook on (Pearson) to negative....Moody's reaffirmed its Baa2 senior unsecured rating, but has the company on watch due to the weaker-than-expected U.S. performance. "There is also little visibility on a pronounced recovery... read more
So if we are looking at history here--when is the next layoff going to happen? in 2016 it was quietly announced in May on the higher ed side. Will it happen sooner or do they leave the sales force alone till May again? The good ol boy's like ES, BS... read more
quote: Despite admitting he had not foreseen declines in college enrolment and the knock-on impact that would have on revenues in the US, Mr Fallon insisted he would not quit as chief executive. He said: “I absolutely acknowledge we got two big calls... read more
This does not bode well for the long-term outlook of this company. Senior managers couldn't have seen rental and lower enrollments coming? Most people close to schools saw these metrics. Hopefully a new leader can salvage this company from being... read more
quote: Sen. Elizabeth Warren (D-Mass.) grilled secretary of education nominee Betsy DeVos on Tuesday, making the billionaire philanthropist’s lack of experience painfully obvious. video at:... read more
This seemed to escape most people's attention just before the holidays. There is a top-down reorg affecting the NA Higher Ed Services division. Simplification is mentioned 3 times in the announcement, and that "the efficiencies it will drive, will... read more
Your final point is the most troubling: The skills you'll gain... Pearson skill sets develop and foster essentially over-qualified, and exceptionally talented copy-paste technicians and administrative button pushers-I know, I am one now. Then what to... read more
Big education company miscalculated in its investment in a digital curriculum Pearson PLC, the world’s largest education company, made a major miscalculation on the Common Core academic standards, expecting a windfall that failed to materialize as it... read more
I needed to vent a bit as there are many rumors about layoffs in London.
Fallon is "getting Pearson growing again" by conducting yet another rounds of layoffs before the end of the year. Cuts started this week.
HoloCrap as one might say Pearson is so lost... Pearson, the world’s largest textbook company, has announced a collaboration with Microsoft at the EDUCAUSE 2016 to explore the power of mixed reality to solve real challenges in areas of learning... read more
The full extent of the difficulties Pearson is facing following the sale of the Financial Times to focus on education has been laid bare, as jittery investors sent its share price tumbling 10% after the company reported worse than expected sales... read more
LONDON—Shares in Pearson PLC tumbled on Monday after the educational publisher said weaker-than-expected trading in the higher-education sector in North America weighed down on nine-month sales. The U.S.-focused educational-products specialist, which... read more
Houghton Mifflin Harcourt Co. said Thursday that Chief Executive Linda K. Zecher has resigned after five years on the job and that it has started a search for her replacement. The education and publishing company said that while it conducts the... read more